Company Valuation: Gentex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,243 6,397 7,618 6,534 5,095 5,153 - -
Change - -22.39% 19.09% -14.23% -22.03% 1.15% - -
Enterprise Value (EV) 1 7,975 6,159 7,377 6,278 4,949 4,985 4,959 4,889
Change - -22.77% 19.77% -14.89% -21.17% 0.73% -0.52% -1.41%
P/E 23.2x 20.1x 17.8x 16.3x 13.4x 12.2x 10.8x 9.48x
PBR 4.25x 3.09x 3.27x 2.64x 2.02x 1.91x 1.72x 1.61x
PEG - -2.15x 0.5x -3.75x -11.79x 0.8x 0.9x 0.7x
Capitalization / Revenue 4.76x 3.33x 3.31x 2.82x 2.01x 1.91x 1.82x 1.74x
EV / Revenue 4.61x 3.21x 3.21x 2.71x 1.95x 1.85x 1.75x 1.65x
EV / EBITDA 15.7x 13.2x 12.5x 11.1x 8.3x 8.13x 7.54x 6.85x
EV / EBIT 19.5x 16.6x 14.9x 13.4x 10.1x 9.85x 9.16x 8.29x
EV / FCF 27.2x 32.1x 20.9x 17.8x 10.8x 12.3x 11.7x 11.5x
FCF Yield 3.68% 3.11% 4.79% 5.63% 9.25% 8.1% 8.53% 8.68%
Dividend per Share 2 0.48 0.48 0.48 0.48 0.48 0.48 0.488 0.5125
Rate of return 1.38% 1.76% 1.47% 1.67% 2.06% 1.98% 2.02% 2.12%
EPS 2 1.5 1.36 1.84 1.76 1.74 1.991 2.231 2.553
Distribution rate 32% 35.3% 26.1% 27.3% 27.6% 24.1% 21.9% 20.1%
Net sales 1 1,731 1,919 2,299 2,313 2,534 2,693 2,827 2,966
EBITDA 1 508.9 466.6 589.1 563.3 596.4 613.4 657.8 714.1
EBIT 1 409.8 370 495.7 468.6 492.3 506.3 541.2 589.7
Net income 1 360.8 318.8 428.4 404.5 384.8 418.4 452.4 488.2
Net Debt 1 -267.7 -237.8 -240.8 -255.6 -145.6 -168 -194 -264.1
Reference price 2 34.85 27.27 32.66 28.73 23.27 24.20 24.20 24.20
Nbr of stocks (in thousands) 2,36,520 2,34,582 2,33,253 2,27,432 2,18,943 2,12,952 - -
Announcement Date 28/01/22 27/01/23 26/01/24 31/01/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.16x1.85x8.13x1.98% 515.34Cr
13.66x1.27x8.5x2.22% 389.18Cr
22x - - 3.76% 345.08Cr
14.07x0.95x6.71x1.52% 289.28Cr
12.98x0.58x5.42x3.43% 276.05Cr
17.6x2.47x12.07x4.43% 229.77Cr
23.06x - - 0.87% 216.64Cr
17.48x - - 2.9% 212.52Cr
24.02x - - 2.24% 211.35Cr
Average 17.45x 1.42x 8.17x 2.6% 298.36Cr
Weighted average by Cap. 16.63x 1.44x 8.07x 2.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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